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May 04, 2023

ENB is expected to report earnings to rise+34% to 84 cents per share on May 05

Enbridge Inc. (ENB) is set to report its first-quarter earnings on May 05, and the outlook is positive. The energy infrastructure company is expected to post earnings per share of 84 cents, representing a 34% increase compared to the same quarter last year.

This impressive growth can be attributed to several factors, including the company's ongoing expansion projects, increased demand for energy infrastructure, and improved market conditions. Enbridge has been investing heavily in expanding its pipeline network to meet the growing demand for oil and natural gas transportation.

Furthermore, the recent recovery in energy prices and increasing demand for energy have been beneficial for Enbridge's bottom line. The company operates in a highly regulated industry, and it has a solid track record of meeting its regulatory obligations, which has helped it maintain a stable financial performance.

Enbridge's diversified portfolio, which includes natural gas, crude oil, and renewable energy assets, has also contributed to its growth. The company has been actively expanding its renewable energy portfolio and investing in wind and solar projects, which have helped it capitalize on the growing demand for renewable energy.

In conclusion, Enbridge's upcoming earnings report is expected to be positive, driven by the company's ongoing expansion projects, increased demand for energy infrastructure, and improved market conditions. With its strong financial position and diverse portfolio, Enbridge is well-positioned to capitalize on the growing demand for energy, both traditional and renewable, in the coming years.

Related Ticker: ENB

ENB in upward trend: price expected to rise as it breaks its lower Bollinger Band on May 23, 2024

ENB may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 37 cases where ENB's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Indicator entered the oversold zone -- be on the watch for ENB's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 5 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ENB advanced for three days, in of 353 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on May 21, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on ENB as a result. In of 81 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for ENB turned negative on May 20, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 49 similar instances when the indicator turned negative. In of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at .

ENB moved below its 50-day moving average on June 07, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for ENB crossed bearishly below the 50-day moving average on June 14, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ENB declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for ENB entered a downward trend on June 17, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.884) is normal, around the industry mean (44.070). P/E Ratio (17.047) is within average values for comparable stocks, (16.201). Projected Growth (PEG Ratio) (1.684) is also within normal values, averaging (2.696). Dividend Yield (0.074) settles around the average of (0.064) among similar stocks. P/S Ratio (2.283) is also within normal values, averaging (2.923).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. ENB’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. ENB’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 56, placing this stock worse than average.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

Notable companies

The most notable companies in this group are Enterprise Products Partners LP (NYSE:EPD), Energy Transfer LP (NYSE:ET), Kinder Morgan (NYSE:KMI), Cheniere Energy (NYSE:LNG), Targa Resources Corp (NYSE:TRGP), Plains All American Pipeline LP (NASDAQ:PAA), Antero Midstream Corp (NYSE:AM), Scorpio Tankers (NYSE:STNG), Plains GP Holdings LP (NASDAQ:PAGP), Euronav NV (NYSE:EURN).

Industry description

Oil & Gas Pipelines industry includes companies that transport natural gas and crude oil through pipelines. These companies also collect and market the fuels. The pipeline segment could be considered as a midstream operation – functioning as a link between the upstream and downstream operations in the oil and gas industry. Some of the largest U.S. pipeline players include Enterprise Products Partners L.P, TC Energy Corporation and Energy Transfer, L.P.

Market Cap

The average market capitalization across the Oil & Gas Pipelines Industry is 9.95B. The market cap for tickers in the group ranges from 193.53K to 76.58B. ENB holds the highest valuation in this group at 76.58B. The lowest valued company is AGEEF at 193.53K.

High and low price notable news

The average weekly price growth across all stocks in the Oil & Gas Pipelines Industry was -3%. For the same Industry, the average monthly price growth was -3%, and the average quarterly price growth was 10%. BPT experienced the highest price growth at 8%, while MPIR experienced the biggest fall at -17%.

Volume

The average weekly volume growth across all stocks in the Oil & Gas Pipelines Industry was 6%. For the same stocks of the Industry, the average monthly volume growth was -12% and the average quarterly volume growth was -78%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 26
P/E Growth Rating: 43
Price Growth Rating: 50
SMR Rating: 55
Profit Risk Rating: 56
Seasonality Score: -22 (-100 ... +100)
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A.I.Advisor
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A.I. Advisor
published General Information

General Information

an operator of crude oil and liquids transportation system

Industry OilGasPipelines

Profile
Fundamentals
Details
Industry
Oil And Gas Pipelines
Address
425 - 1st Street South West
Phone
+1 403 231-3900
Employees
11500
Web
https://www.enbridge.com
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